Superior Credit Union Mortgage Rates, Fees & Info
Lima, OHLEI: 254900ARL5FDX2OOH702
Tax ID: 34-4455780
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Mortgage Data
Review & Overview
Superior Credit Union is a smaller credit union specializing in Home Purchase loans. Superior Credit Union has a high proportion of conventional loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Lima, Wapakoneta, Cincinnati, Celina, and Toledo among others. We have data for 59 markets. (Some data included below & more in-depth data is available with an active subscription.)Superior Credit Union has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Superior Credit Union is typically a low fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.
We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| Home Equity Line of Credit (HELOC) | 7.30% | 11/22/24 |
| 30 Year Conventional Purchase | 6.60% | 11/22/24 |
| 30 Year Conventional Refi | 6.52% | 11/22/24 |
| 30 Year Cash-out Refi | 6.39% | 11/22/24 |
| 30 Year FHA Purchase | 6.27% | 11/22/24 |
| 30 Year VA Purchase | 6.27% | 11/22/24 |
| 30 Year USDA Purchase | 6.67% | 11/22/24 |
| 15 Year Conventional Purchase | 5.83% | 11/22/24 |
| 15 Year Conventional Refi | 5.85% | 11/22/24 |
| 15 Year Cash-out Refi | 5.85% | 11/22/24 |
| These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates. | ||
Superior Credit Union Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
2,312Origination Dollar Volume (All Markets)
$268,820,000Awards
Superior Credit Union - 2022
Superior Credit Union is a 2022 , due to their low .
For 2022, less than of lenders were eligible for this award.
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Top Markets
Zoom/scroll map to see bank's per metro statistics. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results. This map shows top 10 markets in the map viewport, as defined by descending origination volume.
| Market | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| LIMA, OH (FHA|USDA|VA) | 872 | $82,220,000 | $94,289 | $2,722 | 4.94% |
| Outside of Metro Areas | 295 | $39,335,000 | $133,339 | $3,203 | 4.68% |
| Wapakoneta, OH (FHA|USDA|VA) | 325 | $38,885,000 | $119,646 | $3,174 | 4.75% |
| CINCINNATI, OH-KY-IN (FHA|USDA|VA) | 272 | $36,110,000 | $132,757 | $3,505 | 4.93% |
| Celina, OH (FHA|USDA|VA) | 128 | $17,950,000 | $140,234 | $2,979 | 4.81% |
| TOLEDO, OH (FHA|USDA|VA) | 75 | $7,895,000 | $105,267 | $3,469 | 4.94% |
| COLUMBUS, OH (FHA|USDA|VA) | 23 | $7,505,000 | $326,304 | $5,602 | 3.98% |
| Van Wert, OH (FHA|USDA|VA) | 74 | $6,520,000 | $88,108 | $2,682 | 4.89% |
| Findlay, OH (FHA|USDA|VA) | 49 | $6,255,000 | $127,653 | $3,234 | 5.16% |
| Bellefontaine, OH (FHA|USDA|VA) | 31 | $5,045,000 | $162,742 | $2,926 | 4.54% |
| Sidney, OH (FHA|USDA|VA) | 23 | $2,885,000 | $125,435 | $2,472 | 4.70% |
| Tiffin, OH (FHA|USDA|VA) | 48 | $2,480,000 | $51,667 | $2,505 | 5.27% |
| DAYTON-KETTERING, OH (FHA|USDA|VA) | 19 | $2,135,000 | $112,368 | $3,287 | 4.96% |
| Defiance, OH (FHA|USDA|VA) | 16 | $1,770,000 | $110,625 | $2,454 | 4.99% |
| KNOXVILLE, TN (FHA|USDA|VA) | 2 | $840,000 | $420,000 | $5,046 | 5.44% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 3 | $765,000 | $255,000 | $3,758 | 4.42% |
| TUCSON, AZ (FHA|USDA|VA) | 2 | $700,000 | $350,000 | $4,782 | 4.06% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 2 | $560,000 | $280,000 | $3,521 | 3.50% |
| Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) | 1 | $515,000 | $515,000 | $3,681 | 3.88% |
| GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) | 1 | $505,000 | $505,000 | $2,859 | 5.38% |
| LOUISVILLE, KY (FHA|USDA|VA) | 2 | $500,000 | $250,000 | $5,020 | 3.94% |
| Greenville, OH (FHA|USDA|VA) | 5 | $495,000 | $99,000 | $3,764 | 5.18% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 1 | $495,000 | $495,000 | $3,404 | 3.75% |
| Ardmore, OK (FHA|USDA|VA) | 2 | $430,000 | $215,000 | $6,421 | 4.81% |
| FORT WAYNE, IN (FHA|USDA|VA) | 2 | $420,000 | $210,000 | $1,934 | 4.81% |
| Tupelo, MS (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $2,372 | 4.00% |
| Bucyrus-Galion, OH (FHA|USDA|VA) | 2 | $330,000 | $165,000 | $3,772 | 5.25% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $4,162 | 3.63% |
| Traverse City, MI (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $2,484 | 3.88% |
| Coldwater, MI (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $3,663 | 3.50% |
| Sevierville, TN (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $0 | 5.00% |
| PITTSBURGH, PA (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $4,031 | 5.25% |
| AMES, IA (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $2,137 | 3.00% |
| SPRINGFIELD, OH (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $4,040 | 3.63% |
| CLEVELAND-ELYRIA, OH (FHA|USDA|VA) | 2 | $230,000 | $115,000 | $0 | 5.13% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $8,824 | 5.75% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $2,975 | 3.13% |
| Norwalk, OH (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $2,907 | 4.50% |
| Marion, OH (FHA|USDA|VA) | 3 | $215,000 | $71,667 | $0 | 3.08% |
| Wilmington, OH (FHA|USDA|VA) | 2 | $210,000 | $105,000 | $2,193 | 4.50% |
| Pinehurst-Southern Pines, NC (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $3,552 | 5.00% |
| Urbana, OH (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $4,030 | 3.25% |
| PANAMA CITY, FL (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $2,978 | 4.25% |
| Astoria, OR (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $0 | 5.49% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $0 | 5.00% |
| Detroit-Warren-Dearborn, MI (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $3,524 | 6.50% |
| GAINESVILLE, FL (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $0 | 3.00% |
| GREENVILLE-ANDERSON, SC (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 5.75% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 5.75% |
| Angola, IN (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 6.49% |
| Sandusky, OH (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 4.75% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 4.13% |
| GULFPORT-BILOXI, MS (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 4.25% |
| BROWNSVILLE-HARLINGEN, TX (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 3.13% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 3.00% |
| CLARKSVILLE, TN-KY (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 3.75% |
| NEW BERN, NC (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 4.25% |
| Fremont, OH (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $0 | 8.25% |
| AKRON, OH (FHA|USDA|VA) | 1 | $15,000 | $15,000 | $0 | 5.49% |
Similar Lenders
We use machine learning to identify the top lenders compared against Superior Credit Union based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
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Product Mix
For 2022, Superior Credit Union's most frequently originated type of loan was HELOC, with 1,246 originations. Their 2nd most popular type was Conventional, with 1,048 originations.
Loan Reason
For 2022, Superior Credit Union's most frequently cited loan purpose was Home Purchase, with 783 originations. The 2nd most popular reason was Other, with 738 originations.
Loan Duration/Length
For 2022, Superior Credit Union's most frequently cited loan duration was 30 Year, with 773 originations. The 2nd most popular length was 15 Year, with 646 originations.
Origination Fees/Closing Costs
Superior Credit Union's average total fees were $3,269, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 555 originations.
Interest Rates
During 2022, Superior Credit Union's average interest rate for loans was 4.76%, while their most frequently originated rate bucket for loans was 4-5%, with 659 originations.
Loan Sizing
2022 saw Superior Credit Union place emphasis on $100,000 or less loans with 1,304 originations, totaling $61,410,000 in origination value.
Applicant Income
Superior Credit Union lent most frequently to those with incomes in the $50k-75k range, with 579 originations. The second most popular income band? $50k or less, with 522 originations.
Applicant Debt to Income Ratio
Superior Credit Union lent most frequently to those with DTI ratios of 20-30%, with 575 originations. The next most common DTI ratio? <20%, with 565 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications93.73%
Superior Credit Union has an average approval rate.
Pick Rate
Approvals leading to origination68.04%
Superior Credit Union has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 2,312 | $268,820,000 | $116,272 |